S A Tech Software India IPO is a book-built issue of Rs 23.01 crores. The issue is entirely a fresh issue of 39 lakh shares.
S A Tech Software India IPO opens for subscription on July 26 2024, and closes on July 30, 2024. The allotment for the S A Tech Software India IPO is expected to be finalized on Wednesday, July 31, 2024. S A Tech Software India IPO will list on NSE SME with a tentative listing date fixed as Friday, August 2, 2024.
S A Tech Software India Limited, established in 2012, operates in the Information Technology sector in Pune.
The price band for the S A Tech Software India IPO is ₹56 to ₹59 per share. Retail investors can apply for a minimum lot size of 2000 shares, requiring an investment of ₹118,000. High-net-worth individuals (HNIs) have the option to invest in a minimum of 2 lots (4000 shares), totaling ₹236,000.
GYR Capital Advisors Private Limited serves as the book running lead manager for the S A Tech Software India IPO, while Bigshare Services Pvt Ltd acts as the registrar. Giriraj Stock Broking is the designated market maker for this promising IPO.
S A Tech Software India IPO Details:
| Company Name | S A Tech Software India Limited |
| Sector | Information Technology |
| IPO Type | SME |
| IPO Open date | 26th July 2024 |
| IPO Close date | 30th July 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
S A Tech Software India IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 2000 | 1,18,000 |
| HNI (Min) | 2 | 4000 | 2,36,000 |
S A Tech Software India IPO Timeline:
| IPO Open Date | 26th July 2024 |
| IPO Close Date | 30th July 2024 |
| Basis of Allotment | 31st July 2024 |
| Refund Initiation Date | 01st Aug 2024 |
| Shares Credit to Demat | 01st Aug 2024 |
| Listing Date | 02nd Aug 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review S A Tech Software India’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Information Technology industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in S A Tech Software India and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
